M&A Deal Summary |
|
|---|---|
| Date | 2017-04-03 |
| Target | Gestra AG |
| Sector | Machinery |
| Buyer(s) | Spirax-Sarco Engineering |
| Sellers(s) | Flowserve |
| Deal Type | Divestiture |
| Deal Value | 186M EUR |
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| Category | Company |
|---|---|
| Founded | 1888 |
| Sector | Engineering |
| Employees | 10,000 |
| Revenue | 1.7B GBP (2023) |
Spirax-Sarco Engineering is a multi-national industrial engineering group that has its headquarters in Cheltenham, England. The Group comprises two leading businesses: Spirax Sarco for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies.????????????????????????????????????????????????????????????????????????????????????????? From the food and beverage industry to precious metal processing, Company help customers to implement environmentally friendly solutions for energy and water savings, process efficiency, product quality and improvements in plant health, safety and regulatory compliance. Spirax-Sarco Engineering was founded in 1888 and is based in Cheltenham, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 19 |
| Sector (Machinery) | 6 of 6 |
| Type (Divestiture) | 5 of 5 |
| Country (Germany) | 2 of 2 |
| Year (2017) | 1 of 2 |
| Size (of disclosed) | 2 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-09 |
Hiter Indústria e Comércio de Controles Termo-Hidráulicos
Sao Paulo, Brazil Hiter Indústria e Comércio de Controles Termo-Hidráulicos Ltda is a manufacturer and marketer of fluid power valves. Hiter is highly synergistic with Spirax Sarco's successful Brazilian steam and process fluid applications business. The Hiter brand has a well established reputation in Brazil with a large installed base. |
Buy | £4M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-26 |
Chromalox
Pittsburgh, Pennsylvania, United States Chromalox, Inc. is a provider of electrical products, systems and solutions for industrial process heating and temperature management. Chromalox, Inc. was founded in 1915 and is based in Pittsburgh, Pennsylvania. |
Buy | $415M |
| Category | Company |
|---|---|
| Founded | 1790 |
| Sector | Energy Services and Equipment |
| Employees | 16,000 |
| Revenue | 4.3B USD (2023) |
Flowserve is a producer and supplier of pumps, valves, seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve was founded in 1790 and is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Machinery) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| Country (Germany) | 1 of 1 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-14 |
SIHI Group B.V.
Amstelveen, Netherlands SIHI Group B.V. is a provider of engineered vacuum and fluid pumps, with associated aftermarket parts and services, primarily serving the chemical market, as well as the pharmaceutical, food & beverage and other process industries. |
Buy | €298M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-10 |
Velan
Montreal, Quebec, Canada Velan is a manufacturer of industrial valves with a strong presence in the nuclear, cryogenic and defense markets. Velan was formed in 1950 and is based in Montreal, Quebec. |
Buy | $245M |
